COUNTRY •
EGYPT
Last Update: 27 Nov 2022 0:16 GMT+0
The Egypt 10Y Government Bond has a 19.596% yield.
10 Years vs 2 Years bond spread is 40 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 13.25% (last modification in October 2022).
The Egypt credit rating is B, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 542.70 and implied probability of default is 9.04%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 17.992% | +98.3 bp | +411.5 bp | 25 Nov | |||||
| 6 months | 19.030% | +138.7 bp | +544.2 bp | 25 Nov | |||||
| 9 months | 18.211% | +0.6 bp | +413.6 bp | 25 Nov | |||||
| 1 year | 18.280% | -34.5 bp | +438.3 bp | 84.55 | +0.30 % | -3.70 % | 25 Nov | ||
| 2 years | 19.196% | -23.8 bp | +287.0 bp | 70.38 | +0.40 % | -4.76 % | 25 Nov | ||
| 3 years | 19.296% | -17.1 bp | +265.6 bp | 58.90 | +0.43 % | -6.54 % | 25 Nov | ||
| 5 years | 19.417% | +25.6 bp | +260.5 bp | 41.18 | -1.06 % | -10.44 % | 25 Nov | ||
| 7 years | 19.621% | +71.1 bp | +278.0 bp | 28.53 | -4.10 % | -15.19 % | 25 Nov | ||
| 10 years | 19.596% | +88.6 bp | +272.4 bp | 16.70 | -7.17 % | -20.59 % | 25 Nov | ||
Last Update: 27 Nov 2022 0:16 GMT+0
Egypt Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (13.25%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 19.596% | 634.6 bp | |||||
| 5 years | 19.417% | 616.7 bp | |||||
| 2 years | 19.196% | 594.6 bp | |||||
| 1 year | 18.280% | 503.0 bp | |||||
| 3 months | 17.992% | 474.2 bp | |||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 91.6 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 22.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 40 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Egypt Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Egypt Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B
|
- |
| Moody's Investors Service |
B2
|
negative |
| Fitch Ratings |
B+
|
negative |
| DBRS |
-
|
- |
Egypt Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 13.25% |
Egypt Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 542.70 | 0.00 % | +23.55 % | +23.55 % | 9.04 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Egypt 10Y Bond Yield Spread
The Egypt 10Y Government Bond has a 19.596% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Egypt 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 1934.1 bp | +87.6 bp | +269.2 bp | Compare | |
| Germany 10Y | 1762.6 bp | +87.9 bp | +173.0 bp | Compare | |
| France 10Y | 1716.2 bp | +92.4 bp | +178.4 bp | Compare | |
| China 10Y | 1675.5 bp | +74.6 bp | +263.3 bp | Compare | |
| Canada 10Y | 1665.8 bp | +114.7 bp | +257.6 bp | Compare | |
| Spain 10Y | 1664.1 bp | +93.9 bp | +185.7 bp | Compare | |
| United Kingdom 10Y | 1648.5 bp | +122.4 bp | +153.7 bp | Compare | |
| Australia 10Y | 1600.4 bp | +106.4 bp | +238.1 bp | Compare | |
| United States 10Y | 1590.5 bp | +112.4 bp | +177.6 bp | Compare | |
| Italy 10Y | 1574.7 bp | +101.5 bp | +177.1 bp | Compare | |
| India 10Y | 1229.5 bp | +99.7 bp | +277.3 bp | Compare | |
| Russia 10Y | 952.6 bp | +64.6 bp | +216.4 bp | Compare | |
| Brazil 10Y | 594.0 bp | -64.7 bp | +150.1 bp | Compare |
Egypt Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 19.596% | 16.70 | 20.96 | 29.46 | 37.96 | 46.46 | 54.96 | ||
| 7 years | 19.621% | 28.53 | 32.18 | 39.46 | 46.74 | 54.03 | 61.31 | ||
| 5 years | 19.417% | 41.18 | 44.21 | 50.27 | 56.33 | 62.38 | 68.44 | ||
| 3 years | 19.296% | 58.90 | 61.03 | 65.29 | 69.55 | 73.81 | 78.07 | ||
| 2 years | 19.196% | 70.38 | 71.93 | 75.01 | 78.10 | 81.18 | 84.27 | ||
| 1 year | 18.280% | 84.55 | 85.39 | 87.08 | 88.77 | 90.46 | 92.15 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||